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Horace Mann Trims Guidance Again
Financial services group Horace Mann Educators(HMN Quote) Monday lowered its 2003 earnings outlook because of claims triggered by the California wild fires.
The Springfield, Ill.- based company said it now expects to earn about 15 cents to 25 cents a share in the year ended Dec. 31. The Thomson First Call consensus estimate is 29 cents a share . The company earned $1.18 a share in 2002.
The company said the net cost of fire-related claims is expected to be $6.5 million, or 15 cents per share. ...
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